PRESIDENT Rodrigo Duterte has taken a certain pride in not being influenced by the opinions of foreign officials or media, but on Friday, two important analysts – Moody’s Investors Service and the Nomura Group – issued some dire-sounding warnings that he would be well advised to heed.

The two firms assessed the potential implications for Asian countries of the possible outcomes of the US election to be held in November, in which either the Democratic candidate Hillary Clinton or the Republican Donald Trump will be elected President. Moody’s and Nomura were circumspect in their comments to avoid favoring one or the other, but clearly raised higher alarm in case a Trump presidency is put in place, predicting that in general, his anti-immigration, nationalist stance would harm the emerging economies from this part of the world.

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